Thanksgiving coma and the ending the threeday losing streak are a set of records around the corner or this rally a flash in the pan. First of all, welcome. Thank you. [ applause the man. The momentum killer i just drop the hammer on momentum up. We call these the ifbs they told me in your name that your name at hq is c. Quint. We might take the quint thing. So, quint, to answer the original question today was a flash in the pan december 15th columns. The december levies the tariffs, the market goes down i would think it trades down to 30, 90 or so handles from where we are now and then another conversation but today was a bounce from the market down three days steveo. I do believe the market will bounce back even the last two weeks of the year if he puts on the new tariffs. So i agree with that level too 3,000 roughly in the s p but the market who wants to he will is the market . Long onlies want to be long it long short hedge funds will underperform if the market trades lower so momen
Floor and in the middle of it a colloquy concerning our schedule. At this time i recognize myself for five minutes for an Opening Statement. Good afternoon and a warm welcome to all of our witnesses. We are here and white house turned out to be an absolute gorgeous day in washington, d. C. , but we are here to talk about a very ugly subject, and that is online sex trafficking, or as the name of ms. Smiths organization describes it more bluntly, slavery. As the stings and the headlines continue to proliferate, those who thought that slavery was something that could never happen in 2017 america, have had to confront the terrifying reality that not only is it happening, it is on the rise. And it is on the rise in large part because the internet, the technological masterpiece of our time, has made it much, much easier to do. In both the house and the senate this year, we are facing up to the challenge with a long overdue conversation driving toward effective action. With this hearing, it i
His annual vacation in hawaii to deal with the fiscal cliff. No sight of congressional leaders. Theyre not in town. Investors getting a little bit nervous. Will congress get it together in time . No talks that we know of are imminent. It was by at least one measure, the weakest Holiday Retail sales growth since the financial crisis back in 2008, but could a postchristmas holiday sales bounce be around the corner . And what a year it has been for tech. Gadgets and gizmos. Apple, facebook, microsoft all have big news. Will 2013 be a lucky year for the sector . Which tech titans might lead the new trends . Simon hobbs is in at the new york stock exchange. Good afternoon. When president obama arrives back in d. C. , can he prevent america falling over the fiscal cliff . House republicans havent yet called their members back to washington. Our chief political correspondent, john harwood, is with us. John, this feels very much like it might be the calm before the storm in more way than one.
Were crunching the numbers for you. The u. S. Is set to go over the fiscal cliff in five days. That means taxes will go up for nearly every american. Dramatic spending cuts will kick in. President obama and congress will be back from vacation tomorrow. But will anything get done . Plus, wild Winter Weather sweeping through the country. Well bring you the latest details on which part of the u. S. Could be hit next. Cnbcs Worldwide Exchange starts now. And welcome to a special edition of reside worldwide. Ross andcle reoff today for boxes day in kelly are off today for boxing day. For now, you is us. Well start with a brief check on the markets. Energy and metals are trading higher now, wtis up about 55 cents. Brent crude up 65 cents. Also want to check in on the gold price, as well. Gold right now down about slightly under the flat line there, 1,658. Well below the 1,700 mark. The cme globex has been closed for christmas. Its going to reopen at 6 00 a. M. Eastern time. That goes for tre
Sandbags. The bomb squad intends to detonate them tomorrow. This is how last night ended in a home on humboldt avenue with a bomb squad detonating explosive material in the middle of a n m normally quiet santa clara neighborhood. Chp investigators first obtained a search warrant for this house, they werent looking for explosives. They were trying to determine if the man who lived here, 45yearold everett, is linked to threats against a state elected official. Today they scoured the house again and found even more explosive devices. They now place the devices in another hole in the front yard under these sandbags. Chp Officials Say last nates detonation went smoothly. They couldnt figure out exactly what the substance was. And then they eliminated the detonation. Probably incontinue rate quickly and time for the device to work. Reporter as you might imagine all this has left neighbors feeling uneasy. I didnt know what was going on, if he had chemicals. He was just like a normal guy. Repo